Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.
Property Type(s):
Multi Family
|
Last Updated
|
7/13/2026
|
Year Built
|
1920
|
|
County
|
Rensselaer
|
SCHOOLS
Additional Details
| AIR |
Other, Wall Unit(s) |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Finished, Full, Yes |
| CONSTRUCTION |
Block, Brick |
| HEAT |
Baseboard, Electric, Heat Pump, Other |
| INTERIOR |
Built-in Features, High Speed Internet, Other |
| LOT |
0.62 acre(s) |
| LOT DESCRIPTION |
Level |
| LOT DIMENSIONS |
123X180 |
| PARKING |
Off Street, Paved |
| SEWER |
Public Sewer |
| STYLE |
Apartment 4 Plus Unit |
| TAXES |
16762 |
| UTILITIES |
Cable Available, Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City |
| WATER |
Public |
Location
This listing courtesy of Realty One Group Key
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email